🕐24.04.13 - 11:27 Uhr
REED RESOURCES QUARTERLY REPORT
Dear Subscriber,
Reed Resources has released the Companys Quarterly Report for the March 2013 Quarter.
Highlights include:
Meekatharra Gold Operation
* Bluebird Gold Processing Plant fully commissioned and meeting throughput and recovery targets
* 53% of Bluebird open pit total material movement mined whilst 88% of Reserve ounces remain to be mined
* 9,030 ounces mined and 9,123 ounces produced
* Target unit mining, processing and administration costs being achieved or bettered
Mt Marion Lithium Project
* “Proof of Technology” test work program commenced
Barrambie Fe-Ti-V Project
* Continued the evaluation of a proprietary hydrometallurgical technology to produce high-purity titanium, iron & vanadium
Corporate
* $27 million cash realised on closure of hedge book
* Credit Suisse debt facility is fully repaid and group security is to be released
* Company cash balance increased by $7.7 million
* Executed a binding MOU for the sale of the Comet Vale Project for $6 million cash
The full announcement can be downloaded from http://www.reedresources.com/reports/435-quarterly-activities-report-130424.pdf
regards
The Reed Resources Team
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